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Thursday, May 21, 2009

Extractive Industries Transparency Initiative

Extractive Industries Transparency Initiative
http://eitransparency.org

The EITI is a coalition of governments, companies, civil society groups, investors and international organizations. The Extractive Industries Transparency Initiative (EITI) supports improved governance in resource-rich countries through the verification and full publication of company payments and government revenues from oil, gas and mining.

At first it was hard to believe, but if EITI could persuade companies to publish what they pay and for governments to disclose what they receive, then I must say it's a success. Hats off to the initiative!

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